scholarly journals Forecasting major impacts of COVID-19 pandemic on country-driven sectors: challenges, lessons, and future roadmap

2021 ◽  
Author(s):  
Saket Kumar ◽  
Rajkumar Viral ◽  
Vikas Deep ◽  
Purushottam Sharma ◽  
Manoj Kumar ◽  
...  
Keyword(s):  
Mortality Rate ◽  
Driving Forces ◽  
Direct Link ◽  
Profound Impact ◽  
Oil Market ◽  
The World ◽  
Entire World ◽  
Using Data ◽  
Power And Energy ◽  
The Impact

AbstractThe pandemic caused by the coronavirus disease 2019 (COVID-19) has produced a global health calamity that has a profound impact on the way of perceiving the world and everyday lives. This has appeared as the greatest threat of the time for the entire world in terms of its impact on human mortality rate and many other societal fronts or driving forces whose estimations are yet to be known. Therefore, this study focuses on the most crucial sectors that are severely impacted due to the COVID-19 pandemic, in particular reference to India. Considered based on their direct link to a country’s overall economy, these sectors include economic and financial, educational, healthcare, industrial, power and energy, oil market, employment, and environment. Based on available data about the pandemic and the above-mentioned sectors, as well as forecasted data about COVID-19 spreading, four inclusive mathematical models, namely—exponential smoothing, linear regression, Holt, and Winters, are used to analyse the gravity of the impacts due to this COVID-19 outbreak which is also graphically visualized. All the models are tested using data such as COVID-19 infection rate, number of daily cases and deaths, GDP of India, and unemployment. Comparing the obtained results, the best prediction model is presented. This study aims to evaluate the impact of this pandemic on country-driven sectors and recommends some strategies to lessen these impacts on a country’s economy.

scholarly journals ТНЕ WORLD OIL MARKET: THE SEARCH FOR BALANCE IN THE NEW "OIL" REALITY

2016 ◽  
pp. 115-124
Author(s):  
T. A. Malova ◽  
V. I. Sisoeva
Keyword(s):  
Price Volatility ◽  
Future Market ◽  
Oil Market ◽  
The World ◽  
Competitive Relations ◽  
The Face ◽  
The Usa ◽  
Analysis Of Dynamics ◽  
State Of Research ◽  
The Impact

The article provides an analysis of change of the world oil market in the face of new "oil" reality. Factors of formation of new "oil" reality in the global world defined. Scientific background and current state of research of the problem are described. It is shownthat in the Russian and foreign literature the considerable attention is paid to the analysis of dynamics of the quantitative variables characterizing fluctuations and shocks in the oil market. At the same time the search for balance in the new "oil" reality are not considerably investigated yet. The proposed approach allows toreveal the substance of the transformation of the world oil market, to assess the changes in the oil market with the development of rhenium in terms of efficiency and functioning of the mechanism, the prospects of price volatility in the oil market. The main directions of transformation of the oil market are follows. Development of a subject basis of the oil market due to changes of a role of the main market players whose structure includes the USA, Saudi Arabia, Russia now. The impact of regulatory factors complex in the oil market towards equilibrium, which include activity of OPEC, supply of shale oil, future market,activity of the uniform regulator and national regulators. Transformation of the oil market in the direction of perfection of the competitive relations, achievement of optimum market balance as a result of coordination and interaction of interests of participants of the global oil market.

scholarly journals The fluctuations in oil prices in the OPEC countries and the impact on the world oil market

2017 ◽  
pp. 4-8
Author(s):  
Zarina Stepanovna Akhlatyan ◽  
◽  
Natalia Vladimirovna Buryanova ◽  
Keyword(s):  
Oil Prices ◽  
Oil Market ◽  
The World ◽  
The Impact

scholarly journals The Caribbean and its Linkages with the World

2019 ◽  
Vol 2019 (256) ◽  
Author(s):  
Mauricio Vargas ◽  
Daniela Hess
Keyword(s):  
Global Economy ◽  
Caribbean Region ◽  
Financial Variables ◽  
The World ◽  
Trading Partners ◽  
Global Var ◽  
The Caribbean ◽  
Using Data ◽  
The Impact ◽  
The U.S

Using data from 1980-2017, this paper estimates a Global VAR (GVAR) model taylored for the Caribbean region which includes its major trading partners, representing altogether around 60 percent of the global economy. We provide stilyzed facts of the main interrelations between the Caribbean region and the rest of the world, and then we quantify the impact of external shocks on Caribbean countries through the application of two case studies: i) a change in the international price of oil, and ii) an increase in the U.S. GDP. We confirmed that Caribbean countries are highly exposed to external factors, and that a fall in oil prices and an increase in the U.S. GDP have a positive and large impact on most of them after controlling for financial variables, exchange rate fluctuations and overall price changes. The results from the model help to disentangle effects from various channels that interact at the same time, such as flows of tourists, trade of goods, and changes in economic conditions in the largest economies of the globe.

Does economic freedom improve health outcomes in sub-Saharan Africa?

2020 ◽  
Vol 47 (12) ◽  
pp. 1633-1649
Author(s):  
Anand Sharma
Keyword(s):  
Mortality Rate ◽  
Life Expectancy ◽  
Health Outcomes ◽  
Economic Freedom ◽  
Sub Saharan Africa ◽  
African Countries ◽  
Content Type ◽  
The World ◽  
Sub Saharan ◽  
The Impact

PurposeThe purpose of this study is to examine the impact of economic freedom on four key health indicators (namely, life expectancy, infant mortality rate, under-five mortality rate and neonatal mortality rate) by using a panel dataset of 34 sub-Saharan African countries from 2005 to 2016.Design/methodology/approachThe study obtains data from the World Development Indicators (WDI) of the World Bank and the Fraser Institute. It uses fixed effects regression to estimate the effect of economic freedom on health outcomes and attempts to resolve the endogeneity problems by using two-stage least squares regression (2SLS).FindingsThe results indicate a favourable impact of economic freedom on health outcomes. That is, higher levels of economic freedom reduce mortality rates and increase life expectancy in sub-Saharan Africa. All areas of economic freedom, except government size, have a significant and positive effect on health outcomes.Research limitations/implicationsThis study analyses the effect of economic freedom on health at a broad level. Country-specific studies at a disaggregated level may provide additional information about the impact of economic freedom on health outcomes. Also, this study does not control for some important variables such as education, income inequality and foreign aid due to data constraints.Practical implicationsThe findings suggest that sub-Saharan African countries should focus on enhancing the quality of economic institutions to improve their health outcomes. This may include policy reforms that support a robust legal system, protect property rights, promote free trade and stabilise the macroeconomic environment. In addition, policies that raise urbanisation, increase immunisation and lower the incidence of HIV are likely to produce a substantial improvement in health outcomes.Originality/valueExtant economic freedom-health literature does not focus on endogeneity problems. This study uses instrumental variables regression to deal with endogeneity. Also, this is one of the first attempts to empirically investigate the relationship between economic freedom and health in the case of sub-Saharan Africa.

scholarly journals ANALYSIS OF FACTORS OF INFLUENCE ON MORTALITY CAUSED BY COVID-19

2020 ◽  
pp. 164-173
Author(s):  
I. Bielova ◽  
I. D’yakonova ◽  
L. Taraniuk ◽  
O. Demikhov
Keyword(s):  
Mortality Rate ◽  
Human Development ◽  
Human Development Index ◽  
Average Level ◽  
Environmental Load ◽  
Development Index ◽  
Factors Influencing ◽  
The Social ◽  
The World ◽  
The Impact

Of great importance in today's conditions is the assessment of destructive factors influencing the mortality rate of patients with COVID-19, because this analysis may be necessary to form a roadmap for governments, which aims to prevent and reduce the spread of COVID-19. The aim of the research is to analyze the factors influencing mortality caused by COVID-19, based on data from countries around the world and at the national level. Among such factors, the influence of the environmental component is highlighted. Methodology and scientific approaches: comparative analysis - in establishing the average level of indicators for groups of countries depending on the human development index HDI, as well as for key indicators to characterize the level of environmental "load" at the level of regions of Ukraine, synthesis method - economically justified analysis results average level of indicators for groups of countries depending on the human development index HDI, the method of generalization - in forming the general conclusions of the study, statistical methods (correlations and the method of averages) - in assessing the impact of factors on mortality from COVID-19. The results of the study: the article conducted a study on the analysis of factors influencing mortality caused by COVID-19. Indicators that participate in the analysis of factors influencing mortality from COVID-19 are identified. The main indicators of the standard of living and health of the population used in the world are marked. The average levels of indicators for groups of countries depending on the human development index HDI are calculated and the dependences of these indicators and their impact on the mortality rate on COVID-19 are economically substantiated. In terms of regions of Ukraine, an analysis of the impact of indicators that affect the mortality rate from COVID-19, using some components of the environmental "load". The analysis of the main indicators for the assessment of the consequences of the spread of COVID-19 is carried out and their significance at the regional level is analyzed. The possibility of using the results in further research may relate to the formation of an economic model of factors influencing mortality caused by COVID-19, which will predict different scenarios of destructive factors on mortality from COVID-19 depending on the implementation of measures to combat the spread of the disease among governments countries. The practical significance of the study is that based on the analysis of the results of the study there is the possibility of forming effective management decisions by governments to counter the spread of COVID-19 at the international and national levels. The social consequences include the social effects that result from the results of this analysis through effective health care decision-making by national governments, that may reduce the mortality rate among the population from COVID-19.

scholarly journals PRÁCTICAS DE ASEGURAMIENTO CORPORATIVO EN LAS PLATAFORMAS TECNOLÓGICAS DE COLABORACIÓN – ECONOMÍA COLABORATIVA

2019 ◽  
Vol 10 ◽  
pp. 121-134
Author(s):  
DEISY CASTIBLANCO ◽  
Keyword(s):  
Technological Innovation ◽  
Cell Phone ◽  
Social Economic ◽  
Economy Model ◽  
Travel And Tourism ◽  
Goods And Services ◽  
The World ◽  
Entire World ◽  
Tourism Services ◽  
The Impact

A ghost travels the entire world. This is the socalled collaborative economy that, as they confirmed, will move 235,000 million dollars in 2025. The idea of ??that ghost, which is defined as an economic system in which goods and services are shared and exchanged, through platforms digital The list of applications is innumerable around the world, Airbnb, Uber, Lyft, BlaBlaCar, GuesttoGuest, Parkfy, Unnea, in Colombia there are several, the most popular OLX, Uber, Airbnb, Rappi, Didi, Picap, Beat, Ubet eats among many more options of this so-called collaborative economy. This economy facilitates the needs, practical cravings of the daily life of citizens in terms of transportation, food, travel and tourism services, fun just by entering the cell phone and waiting for them to do things for you, however there are consequences at a social, economic level and environmental of this great technological innovation and economy model, which is necessary to know in depth to determine the impact and whether or not there is regulation by the competent Colombian entities.

scholarly journals Cyber Attack on Saudi Aramco

2016 ◽  
Vol 11 (5) ◽  
pp. 3037-3039
Author(s):  
Sahar Alshathry
Keyword(s):  
Saudi Arabia ◽  
Oil Production ◽  
Cyber Attack ◽  
Hard Drives ◽  
The World ◽  
Saudi Aramco ◽  
Entire World ◽  
Production Company ◽  
The Impact

 Saudi Aramco is the largest oil production company in the entire world. It supplies almost almost 1/10th of the oil in the world. The economy of Saudi Arabia is highly dependent on the production of oil.Aramco got attacked by a virus  named Shamoon on 15th August 2012. It was one of the most disrupting cyber-attack that was carried out against the business. Shamoon had spread from the network of the company and it wiped out the hard drives of the computers. The virus infected almost thirty thousand of workstations during the mid of August .The paper will discus the impact of the cyber attack on the oil production on Saudi Aramco. In addition, the analysis and the mechanisms that the attackers used to launch the virus. This research explains how Saudi Aramco recovered form the cyber attack. 

scholarly journals THE IMPACT OF THE PANDEMIC ON THE TOURISM BUSINESS

2021 ◽  
Vol 16 (1(21)) ◽  
pp. 17-21
Author(s):  
Goderdzi Shanidze
Keyword(s):  
Foreign Currency ◽  
Driving Forces ◽  
Political Stability ◽  
Close Relation ◽  
Travel And Tourism ◽  
Tourism Sector ◽  
The Social ◽  
The World ◽  
The Impact ◽  
Near Future

If Pandemic has had an impact on any business it’s primarily a tourism business. Other businesses have a very close relation with this business and therefore they have been affected as well. As you know, the world travel and tourism market is expected to have lost more than 75.2 million jobs by 2020. According to the UNWTO, small and medium-sized enterprises were most affected. Their share in the tourism sector is 80%. Coronavirus will have a special impact on the countries whose economy accounts for a large share of tourism and whose economic growth is largely due to the tourism sector, and Georgia is also among them. According to the Georgian government, Georgia will develop the tourism sector in the near future, of course, in compliance with the safety standard and taking into account the recommendations. Tourism is the sector that has received the hardest and first blow due to the crisis and which, in addition to being one of the most important driving forces of the country's economy in recent years, the sector has a competitive advantage that can contribute to the economic development of Georgia in the post-crisis pandemic economy. Tourism is one of the largest spheres in the world, and its development is conditioned by the safe environment of the country, economic and political stability. It creates jobs and helps increase incomes for the population. International tourism contributes to the inflow of foreign currency into the country and affects the social and cultural environment of the country. That is why it is important to bring the tourism business out of the crisis.

scholarly journals Commercial production of oil from oil shale and possible changes in the world oil market configuration

2012 ◽  
pp. 125-131
Author(s):  
T. V. Polyakova
Keyword(s):  
North America ◽  
Oil Shale ◽  
Oil Production ◽  
Commercial Production ◽  
Shale Oil ◽  
Oil Market ◽  
Global Center ◽  
The World ◽  
The Impact ◽  
Commercial Oil

The world oil market is changing rapidly, there rises a new global center of world oil production – North America, which production opportunities are estimated by experts as outperforming those of Middle East. This is made possible thanks to inception of commercial oil production from oil shale in North America. The article deals with the problems and prospects of the development of shale oil in the U.S. and the impact of the growth of its production on the configuration of the world oil market.

scholarly journals Bird collisions with power lines in Nakhchivan Autonomous Republic

2020 ◽  
Vol 10 (1) ◽  
pp. 180-185
Author(s):  
A. F. Mammadov ◽  
A. Matsyura
Keyword(s):  
Mortality Rate ◽  
Electric Shock ◽  
Bird Species ◽  
Columba Livia ◽  
Red List ◽  
Power Lines ◽  
The World ◽  
The Dead ◽  
The Impact ◽  
Autonomous Republic

The article summarizes the results of research in four selected sites (observations) on the impact of surface power lines on bird death in the area of Nakhchivan Autonomous Republic in 2016-2017. Studies show that electrical wires have a major impact on bird death during the spring migration and nesting period. We determined that 225 individual of 27 species were killed by electric shock in selected areas, while 16 individuals belonging to 3 predator bird species were exposed to this threat. Two of these species are in the World Red List. The next plot with high mortality rate was the Cananbar well - Shikhmahmud plain (2 km), although we did not make a research here for the first two months. An average mortality rate of birds here were 2.72 individuals/km. The electric poles in the selected Nakhchivan - Shikhmahmud road (4 km) consisted mainly of wooden material and were sometimes replaced with reinforced concrete. We attribute the fact that the percentage of deaths in this area is lower than other stations because of the poles are more wooden. Among the dead birds some species belonging to the Red List of the World (Falco naumanni and Coracias garrulus). As we already mentioned, beside the overhead electric wires were mainly dangerous to Ciconia ciconia, Buteo rufinus and eagles. The dead and wounded species were recorded only one to four km from the electric line. Among the most common species exposed electric shocks were: Columba livia, Merops apiaster, Corvus frugilegus, Sturnus vulgaris and Passer domesticus. A total of 3,225 birds from 26 species were killed by the private electric shock during the study, four birds could not be identified (unknown species). When looking at the process from a landscape-species perspective, bird species - those most exposed to the electric wires are: less open, open space (loos); forest landscape (fl); residential areas (ra) and less grove areas (lga).

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